MERCURIUS CAPITAL INVESTMENT LIMITED
Mercurius Capital Investment Limited is a public company limited by shares incorporated and domiciled in the Republic of Singapore under registration number 198200473E, and remains on the register with an active status as of the most recent registry sync. The company is listed on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST) under stock code 5RF (ticker MERC), with Novus Corporate Finance Pte. Ltd. acting as its continuing sponsor. Its registered office is at 138 Robinson Road, #26-03 Oxley Tower, Singapore 068906.
Mercurius Capital Investment Limited’s principal activity is investment holding. From the financial year ended 31 December 2017 the group pursued property development and property investment, carried out mainly through a 50%-held joint venture, Grand Bay Hotel Co., Ltd., developing a hotel property in Phuket, Thailand. From 28 October 2022 the group also acquired a Malaysia-based groceries business through Songmart Holdings Sdn. Bhd. and its subsidiaries. The groceries business ceased operations on 30 June 2023 after the High Court of Malaysia ordered the Songmart companies to be wound up, and the group deconsolidated those entities from its accounts as of that date. For the financial year ended 31 December 2024 the group reported no revenue and a net loss of S$1,945,000 (FY2023: S$11,815,000, which included a S$10,538,000 loss from the discontinued groceries operations), together with net liabilities of S$3,564,000.
On 11 June 2024 the company notified SGX-ST of its classification as a “cash company” under Catalist Rule 1017, reflecting the absence of an operating business following the exit from groceries, with the property-development segment via Grand Bay not having commenced revenue-generating activity. The company’s audited financial statements for the year ended 31 December 2022 carried a disclaimer of opinion, principally over the carrying value of the Grand Bay joint-venture investment and audit-scope limitations at the former Songmart subsidiaries, and the company has stated these issues remained unresolved as at its most recent quarterly filing (28 February 2025). In July 2024 the company signed a non-binding memorandum of understanding for a proposed acquisition of BioSpring Medical Co., Ltd., which was subsequently put on hold, and it has since referred to discussions on a possible collaboration involving blue carbon credits.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Mercurius Capital Investment Limited is a Singapore-incorporated public company listed on the Catalist board of the Singapore Exchange, with 1,392,973,333 fully paid ordinary shares in issue as at 31 December 2024 (no par value; one vote per share). As a listed entity, substantial shareholdings are disclosable to SGX-ST under Singapore’s securities law, but a current substantial-shareholder notice or top-holdings list for the company could not be independently retrieved from a primary source during this review.
The company also had convertible loans outstanding as at 31 December 2024 that are convertible into up to 53,469,165 new ordinary shares (approximately 3.84% of issued share capital) at the option of the lenders, most recently extended by supplemental agreements dated 18 February 2025 to mature between 3 June 2025 and 23 June 2025. One of the underlying loan agreements (the 23 December 2019 convertible loan) was extended to the company by one of its directors.
Data availability
Restricted. Substantial-shareholder disclosures for this Catalist-listed company are filed with SGX-ST, but the specific current filings were not accessible in readable form during this review; this gap should not be read as evidence that the company has no substantial shareholders.
Officers
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Mercurius Capital Investment Limited’s officer composition has changed substantially since October 2022. Mr Chew Hai Chiene Hester Arthur was Chief Executive Officer and Executive Director from 25 October 2022 until his resignation effective 7 February 2024, citing personal and private commitments; a related dispute over an agreed settlement sum remains before the Singapore courts, with case conferences held in February 2025 and a further one scheduled for April 2025. Mr Chang Wei Lu, a director of the company since 12 May 2014, served as Executive Chairman and Interim Chief Executive Officer following Mr Chew’s departure, before resigning from both roles effective 25 September 2024, when the company announced a reconstitution of its board and board committees. Mr Chu Yun Yuan has since been appointed Group Chief Executive Officer and signed the company’s quarterly announcement dated 28 February 2025 in that capacity. Most recently, effective 22 January 2026, the company appointed Dr Yeh Yun Fan as an independent member of its Audit Committee, filling a vacancy arising from the cessation of Dr Chong Cheong Sin as an Independent Non-Executive Director.
A complete, current list of directors and their appointment dates could not be independently confirmed during this review: the company’s own investor-relations pages had not been updated to reflect the September 2024 and later changes at the time of research. Nationality and country of residence are not disclosed for any officer in the sources reviewed and have not been inferred.
Recent officer changes
- Resignation of Mr Chew Hai Chiene Hester Arthur as Chief Executive Officer and Executive Director, effective 7 February 2024.
- Resignation of Mr Chang Wei Lu as Executive Chairman and Interim Chief Executive Officer, effective 25 September 2024, with Mr Chu Yun Yuan subsequently confirmed as Group Chief Executive Officer.
- Appointment of Dr Yeh Yun Fan to the Audit Committee, effective 22 January 2026, following the cessation of Dr Chong Cheong Sin as an Independent Non-Executive Director.
Data availability
Partial. Singapore’s company registry and SGX disclosures record director appointments and cessations, but frequent recent changes mean officer information sourced from the company’s own website may not reflect the board’s exact current composition; readers should verify the current line-up against the company’s latest SGX-ST filings.
Registry feed — rows exactly as filed with Accounting and Corporate Regulatory Authority (ACRA), including entries the profile above does not cover.
Group Structure
Mercurius Capital Investment Limited functions as an investment-holding company. No immediate or ultimate parent company has been identified for Mercurius Capital Investment Limited during this review; the company is Catalist-listed with a dispersed shareholder base rather than a disclosed controlling corporate shareholder.
The group’s principal verified corporate relationship is a 50%-held joint venture in Grand Bay Hotel Co., Ltd., a real estate developer incorporated in Thailand, entered into on 12 June 2019 alongside Apex Development Public Company Limited. Mercurius Capital Investment Limited has joint control over Grand Bay rather than a majority or wholly owned interest, and has stated that it has been unable to obtain the joint venture’s financial information since the financial year ended 31 December 2023.
Mercurius Capital Investment Limited previously wholly owned a Malaysia-based grocery group comprising Songmart Holdings Sdn. Bhd. and its own subsidiaries, Songmart Malaysia Sdn. Bhd., Tan Lee Heng Sdn. Bhd. and Granville Grocery Sdn. Bhd., acquired on 28 October 2022. Following orders of the High Court of Malaysia issued on 8, 14 and 21 August 2023 to wind up Songmart Holdings Sdn. Bhd., Songmart Malaysia Sdn. Bhd. and Tan Lee Heng Sdn. Bhd., the group deconsolidated the entire Songmart group from its financial statements as of 30 June 2023 following the appointed liquidator’s assumption of control over those companies’ assets and liabilities. This relationship is therefore historical rather than current.
A separate entity synced to this profile’s corporate-linkage data as a related company, Friven & Co. Singapore Pte. Ltd. (registration number 200906259Z), is identified in Mercurius Capital Investment Limited’s 2022 annual report as the company’s independent auditor, not as a parent, subsidiary, sister company or affiliate. The corporate-group data synced to this profile therefore appears to mischaracterise a professional-services relationship as a group entity, and should not be read as evidence of common ownership or control.
Verified corporate relationships
| Entity | Country | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|
| Grand Bay Hotel Co., Ltd. | Thailand | Joint venture | 50% equity interest | Active (joint control) | 31 Dec 2024 |
| Songmart Holdings Sdn. Bhd. (with Songmart Malaysia Sdn. Bhd., Tan Lee Heng Sdn. Bhd., Granville Grocery Sdn. Bhd.) | Malaysia | Historical subsidiary group | 100% (prior to wind-up) | Wound up / deconsolidated 30 Jun 2023 | 31 Dec 2024 |
Recent structural changes
- Deconsolidation of the Songmart Holdings group following Malaysian High Court winding-up orders dated 8, 14 and 21 August 2023, effective 30 June 2023.
Data availability
Partial. The company’s own financial-statement disclosures identify its joint venture and former subsidiary group, but no official filing confirming a corporate link to Friven & Co. Singapore Pte. Ltd. was located beyond its role as auditor, and no parent company for Mercurius Capital Investment Limited was identified.
MERCURIUS CAPITAL INVESTMENT LIMITED
Singapore
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Frequently Asked Questions
What is Mercurius Capital Investment Limited?
Mercurius Capital Investment Limited is a public company limited by shares incorporated in Singapore (registration number 198200473E) and listed as an investment holding company on the Catalist board of the Singapore Exchange under stock code 5RF (ticker MERC).
Where is Mercurius Capital Investment Limited registered?
It is incorporated and domiciled in Singapore, with its registered office at 138 Robinson Road, #26-03 Oxley Tower, Singapore 068906.
What is Mercurius Capital Investment Limited's registration number?
198200473E, as recorded on Singapore's company register and cited in the company's SGX filings.
What is the current registry status of Mercurius Capital Investment Limited?
Active and listed on the SGX Catalist board as of the most recent registry sync and quarterly filing, though the company notified SGX-ST of its classification as a "cash company" under Catalist Rule 1017 on 11 June 2024, reflecting the absence of a revenue-generating operating business at that time.
What does Mercurius Capital Investment Limited do?
Its principal activity is investment holding. It holds a 50% joint-venture interest in Grand Bay Hotel Co., Ltd., a Thailand-incorporated real estate developer, and until 30 June 2023 also held a Malaysia-based groceries business through Songmart Holdings Sdn. Bhd., which has since been wound up and deconsolidated.
Is Mercurius Capital Investment Limited still in the groceries business?
No. Its former groceries subsidiaries, Songmart Holdings Sdn. Bhd., Songmart Malaysia Sdn. Bhd. and Tan Lee Heng Sdn. Bhd., were ordered wound up by the High Court of Malaysia in August 2023, and the group deconsolidated them from its accounts effective 30 June 2023.
Who is the current CEO of Mercurius Capital Investment Limited?
Mr Chu Yun Yuan has served as Group Chief Executive Officer following a board reconstitution announced after Mr Chang Wei Lu's resignation as Executive Chairman and Interim CEO effective 25 September 2024, and signed the company's quarterly announcement dated 28 February 2025 in that capacity.
Does Mercurius Capital Investment Limited publish its full current shareholder register?
The company discloses substantial shareholdings to SGX-ST as required for a listed entity, but a current substantial-shareholder list could not be independently retrieved from a primary source during this review.
Is Mercurius Capital Investment Limited part of a corporate group?
No parent company has been identified for Mercurius Capital Investment Limited. Its only currently active corporate linkage identified is its 50% joint venture in Grand Bay Hotel Co., Ltd. A separately recorded link to Friven & Co. Singapore Pte. Ltd. reflects that firm's role as the company's independent auditor, not a corporate ownership relationship.
Has Mercurius Capital Investment Limited had recent audit issues?
Yes. Its audited financial statements for the year ended 31 December 2022 carried a disclaimer of opinion, principally relating to the carrying value of its Grand Bay joint-venture investment and audit-scope limitations at its former Songmart subsidiaries, and the company has stated these issues remained unresolved as at its most recent quarterly filing (28 February 2025).
What is MERCURIUS CAPITAL INVESTMENT LIMITED's company registration number?
MERCURIUS CAPITAL INVESTMENT LIMITED's registration number is 198200473E, filed with Accounting and Corporate Regulatory Authority (ACRA) in Singapore. Its current status on the register is active.
Is MERCURIUS CAPITAL INVESTMENT LIMITED still an active company?
MERCURIUS CAPITAL INVESTMENT LIMITED's status on Accounting and Corporate Regulatory Authority (ACRA) is listed as active.
When was MERCURIUS CAPITAL INVESTMENT LIMITED incorporated?
MERCURIUS CAPITAL INVESTMENT LIMITED was incorporated on 2 December 1981, according to Accounting and Corporate Regulatory Authority (ACRA).
What is MERCURIUS CAPITAL INVESTMENT LIMITED's registered address?
The registered address on file for MERCURIUS CAPITAL INVESTMENT LIMITED is SINGAPORE, Singapore.
Can Zavia monitor changes to MERCURIUS CAPITAL INVESTMENT LIMITED's ownership over time?
This profile reflects a point-in-time snapshot from Accounting and Corporate Regulatory Authority (ACRA). Zavia's monitoring API can track changes to MERCURIUS CAPITAL INVESTMENT LIMITED's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access MERCURIUS CAPITAL INVESTMENT LIMITED's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Singapore, so records like MERCURIUS CAPITAL INVESTMENT LIMITED's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Accounting and Corporate Regulatory Authority (ACRA) and was last synced on 11 August 2026.